EnergyWatch

Theresa May's UK energy price cap signals wafer thin margins

The UK Prime Minister's pledge to cap energy prices could cost those companies dominating the energy market, include almost 60 suppliers.

Photo: ritzau/AP/Frank Augstein

Britain's utilities are the new political punching bag after Theresa May proposed a price cap to insulate customers from higher prices.

Centrica Plc plunged to a 14-year low after the prime minister said she wants to "bring an end to rip-off energy prices once and for all." Earnings may fall at least 10 percent at three of the nation's Big Six utilities, according to a note from RBC Europe Ltd.

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